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EarthSearch
(OTC:ECDC) Q2 Revs up 1500% over 2010 Results
By: staff
reporter, Tom Bustamante
Last Updated: August 16, 2011 - 8:09am EST
(NEW YORK) --EarthSearch
Communication, traded under the name East Coast
Diversified Corporation (OTC:ECDC),
announced in their second quarter 10Q filing that revenues
increased around 1,500% over Q2 2010 revenue results.
For Q2 the Company reported revenues increased 1,500% to $206,014,
compared to just $13,471 for the same second quarter period in 2010.
Now, these may not be thunderous revenue numbers, but they do
indicate the company sales and marketing program for their GPS
products, initiated in
late 2010, have started to show results.
In addition, the Company reported their net loss had decreased
sharply, and they had done a decent job in cutting their
operating expenses by nearly 50%.
On the share side, the Company maintained a share structure of
around 168 million shares issued and outstanding, as of June 30,
2011.
The Company has launched a number of new GPS and RFID programs
in Q2, and the market awaits a potential final deal with ZST
Digital Networks (NASDAQ:ZSTN),
which would be anywhere from $5 million per year for GPS related
products in China.
ECDC closed Monday at a price of $0.016 per share.
An audio reply of a recent interview with the Company CEO
can be found here
ECDC
Audio Investor Update
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
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may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was not compensated
by MSLP, but was compensated one thousand dollars and one million shares of
LBGE from third party for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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